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Last $30.10 USD
Change Today 0.00 / 0.00%
Volume 0.0
SBFC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

southeastern bank financial (SBFC) Key Developments

Southeastern Bank Financial Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Declares Quarterly Cash Dividend, Payable on August 21, 2015

Southeastern Bank Financial Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced total interest income of $16,002,000 compared to $15,277,000 for the same period a year ago. Net interest income was $13,923,000 compared to $13,030,000 for the same period a year ago. Income before income taxes was $8,421,000 compared to $5,901,000 for the same period a year ago. Net income was $5,689,000 or $0.85 per basic and diluted share compared to $4,044,000 or $0.60 per diluted share for the same period a year ago. Annualized return on average assets was 1.27% for the second quarter of 2015, an increase from 0.93% for the same period a year ago, and annualized return on average shareholder's equity was 14.15%, an increase from 11.39% from the second quarter of 2014. For the six months, the company announced total interest income of $31,191,000 compared to $30,106,000 for the same period a year ago. Net interest income was $27,011,000 compared to $25,602,000 for the same period a year ago. Income before income taxes was $14,616,000 compared to $11,394,000 for the same period a year ago. Net income was $9,896,000 or $1.47 per diluted share compared to $7,850,000 or $1.17 per diluted share for the same period a year ago. The company’s board of directors declared a regular quarterly cash dividend of $0.15 per share of common stock payable on August 21, 2015, to shareholders of record as of August 7, 2015. Based on the share price of $29.75 at the close of business on July 23, 2015, this dividend represents an annualized yield to shareholders of 2.02%.

Southeastern Bank Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on May 22, 2015; Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter of 2015

On April 22, 2014, the Board of Directors of Southeastern Bank Financial Corporation declared a regular quarterly cash dividend of $0.15 per share of common stock, payable on May 22, 2015, to shareholders of record as of May 8, 2015. The company announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported net income of $4.2 million, or $0.63 in diluted earnings per share, compared to $3.8 million, or $0.57 in diluted earnings per share, in the first quarter of 2014, an increase of 10.5%. Net interest income totaled $13.1 million, a 4.1% increase from $12.6 million for the same period in 2014. Annualized return on average assets (ROA) was 0.97%, an increase from 0.91% for the same period a year ago, and annualized return on average shareholder's equity (ROE) was 10.82%, a decrease from 11.36% from the first quarter of 2014, due to increased capital levels. Income before income taxes was $6,195,000 compared to $5,493,000 a year ago. Net charge-offs for the first quarter of 2015 totaled 0.28% of average loans on an annualized basis, compared to 0.74% annualized in the fourth quarter of 2014 and 0.52% annualized in the first quarter of 2014.

Southeastern Bank Financial Corporation, Annual General Meeting, Apr 22, 2015

Southeastern Bank Financial Corporation, Annual General Meeting, Apr 22, 2015., at 16:00 US Eastern Standard Time. Agenda: To elect 10 directors to serve for a term ending on the date of the 2016 annual meeting of shareholders or until their respective successors shall have been elected and qualified; and to transact such other business as may properly come before the Annual Meeting or an adjournment thereof.

Southeastern Bank Financial Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Net Charge-Offs for the Fourth Quarter of 2014

Southeastern Bank Financial Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income was $13,406,000 against $13,079,000 a year ago. Income before income taxes was $6,379,000 against $6,179,000 a year ago. Net income was $4,400,000 against $4,366,000 a year ago. Diluted net income per share was $0.66 against $0.65 a year ago. Total interest income was $15,601,000 compared with $15,407,000 a year ago. Annualized return on average assets (ROA) was 0.9% for the fourth quarter of 2014, a slight decrease from 1.01% from the same period a year ago, and annualized return on average shareholder's equity (ROE) was 11.46%, compared to 13.02% from the fourth quarter of 2013, decreasing primarily from increased capital levels. For the full year, the company reported net interest income was $52,064,000 against $52,800,000 a year ago. Income before income taxes was $24,114,000 against $23,493,000 a year ago. Net income was $16,632,000 against $16,346,000 a year ago. Diluted net income per share was $2.49 against $2.45 a year ago. Total interest income was $60,950,000 compared with $62,314,000 a year ago. The company announced net charge-offs for the fourth quarter of 2014 totaled 0.74% of average loans on an annualized basis.

Southeastern Bank Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on February 13, 2015

On January 14, 2015, the Board of Directors of Southeastern Bank Financial Corporation declared a regular quarterly cash dividend of $0.15 per share of common stock, payable on February 13, 2015, to shareholders of record as of January 30, 2015. This is a $0.02 or 15.4% increase in the quarterly dividend from the previous rate of $0.13 per share.

 

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SBFC

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Valuation SBFC Industry Range
Price/Earnings 10.8x
Price/Sales 2.8x
Price/Book 1.3x
Price/Cash Flow 10.9x
TEV/Sales 0.6x
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